secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001654954-26-000231
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

PEDEVCO borrows additional $6M under existing $120M credit facility for well operations
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- Borrowed $6M on Jan 8, 2026, under the A&R Credit Agreement (initial borrowing base $120M, max $250M).
- Proceeds to fund participation in non-operated well operations and other payables.
- Drawdown approved by Series A Convertible Preferred Stock holders via written consent on Jan 6, 2026.
- Total borrowings under the facility now $93M ($87M from October 2025 closing plus $6M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495426000231/0001654954-26-000231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495426000231/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-000231

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer